Usha Martin: Six Decades of Excellence and the Visionary Leadership of Rajeev Jhawar
Usha Martin’s journey towards excellence began over six decades ago in 1960, and today, they proudly hold our place among the top global manufacturers of wire ropes. With a wide array of quality-driven products and services offered by multiple units, they have earned the trust and admiration of customers worldwide.
Commitment to Innovation and Sustainable Growth
Our unwavering commitment to research and development has enabled us to expand our specialty offerings across various industry segments. By creating new products and technologies that complement our existing portfolio, they continue to lead the way in innovation. Embracing digitalisation, they have maximised automation coverage, reduced manual activity, enhanced security, and improved transparency. As they grow, our dedication to sustainable practices throughout our value chain ensures that our growth is responsible and long-lasting. This commitment to excellence and sustainability continues to attract global attention, increasing our geographical spread in strategic markets through our overseas subsidiaries.
Rajeev Jhawar’s Strategic Vision
According to Rajeev Jhawar, Usha Martin is on an upward growth trajectory, undergoing strategic transformation and focusing on a multi-faceted growth strategy to drive performance and deliver sustainable value to stakeholders. Rajeev Jhawar has been instrumental in positioning Usha Martin as a universally recognised brand globally by strategically expanding its presence. This includes diversifying product portfolio and leveraging our state-of-the-art manufacturing units and R&D capabilities.
Positioned for Growth
With a strong foundation and a focused organisation, Usha Martin is poised for significant growth under the leadership of Rajeev Jhawar. Domestically, they are well-positioned to capitalise on the surge in infrastructure development in India, leveraging opportunities in the expanding market. Internationally, our increasing competitiveness and strong end-markets provide immense scope for growth.
Impressive Financial Performance
Our recent financial performance underscores the success of our strategies. Revenue grew to Rs. 3267.76 crore, marking a 21.57% increase over the previous year. EBITDA rose to Rs. 541.39 crore, a 29.24% increase, while PBT reached Rs. 455.38 crore, up by 44.52%. PAT also saw a significant rise to Rs. 350.60 crore, a 20.30% increase over the previous year. These impressive figures reflect the robust health of our business and the effectiveness of our growth strategies.
Under Rajeev Jhawar’s visionary leadership, Usha Martin has cemented its place as a global leader in the wire rope industry. His strategic foresight and dedication to innovation, sustainability, and excellence have driven the company to new heights. With a strong foundation, a focus on sustainable growth, and a commitment to leveraging opportunities both domestically and internationally, Usha Martin is well-positioned for continued success. As they look to the future, they remain committed to delivering exceptional value to our stakeholders and maintaining our reputation as a trusted and innovative leader in the industry.
During FY22, they embarked on a capacity expansion plan with a capital expenditure of Rs. 310 crores that is expected to come on stream within FY24. They created a Global Growth Centre in Europe to increase our geographical spread and grow our share in strategic markets in which they have limited presence. In addition, they have been heavily investing in digitalisation and automation of our operations to increase efficiencies across the board.
